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Forex: EUR/USD eases to 1.3030 after German data

FXstreet.com (Barcelona) - The euro gave away a few pips after the better-than-expected trade balance results from Germany, with the trade surplus at €17.6 billion during March, exceeding forecasts at €16.5 billion. Upbeat tone from exports and imports as well, rising 0.5% and 0.8% respectively and leaving behind previous contractions.

Next on tap will be the Italian external sector figures followed by Greek consumer prices and the speech by Chief Bernanke.

At the moment, the cross is down 0.10% at 1.3028 with the next support at 1.3010 (low May 9) ahead of 1.2992 (MA200d) and finally 1.2988 (low Apr.25).
On the flip side, a breakout of 1.3075 (MA21d) would expose 1.3100 (MA10d) and then 1.3194 (high May 8).

Germany: Trade surplus narrows less than expected in March

German Trade surplus narrowed to €17.6 billion in March from €17.7 billion in February, according to data released today by Destatis. Analysts expected the surplus to narrow to €16.5 billion.
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Forex: USD/JPY holding above 101.00 the figure in London

The Yen is holding it’s own above 101.00 the figure this morning in European open. The pair surged through the 100.00 target which has been tested umpteen times of late.
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